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 Bill Status of HB0357  100th General Assembly


Short Description:  INC TX-RATES

House Sponsors
Rep. David McSweeney, Martin J. Moylan, Jerry Costello, II and Natalie A. Manley

Last Action
DateChamber Action
  3/31/2017HouseRule 19(a) / Re-referred to Rules Committee

Statutes Amended In Order of Appearance
35 ILCS 5/201from Ch. 120, par. 2-201
35 ILCS 5/901from Ch. 120, par. 9-901


Synopsis As Introduced
Amends the Illinois Income Tax Act. For taxable years beginning on or after January 1, 2017, reduces the rate of tax to 3% for individuals, trusts, and estates and 4.8% for corporations. Makes corresponding changes concerning the distribution of tax proceeds. Effective immediately.

Actions 
DateChamber Action
  1/11/2017HouseFiled with the Clerk by Rep. David McSweeney
  1/11/2017HouseFirst Reading
  1/11/2017HouseReferred to Rules Committee
  1/24/2017HouseAdded Co-Sponsor Rep. Martin J. Moylan
  1/25/2017HouseAssigned to Revenue & Finance Committee
  1/31/2017HouseAdded Co-Sponsor Rep. Jerry Costello, II
  2/24/2017HouseTo Income Tax Subcommittee
  3/13/2017HouseAdded Co-Sponsor Rep. Natalie A. Manley
  3/31/2017HouseRule 19(a) / Re-referred to Rules Committee

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